Banglashree for Micro, Small and Medium Enterprises: Subsidy on Stamp Duty and Registration Fee (SDRFS)

Banglashree for Micro, Small and Medium Enterprises: Subsidy on Stamp Duty and Registration Fee (SDRFS)

The “Subsidy on Stamp Duty and Registration Fee (SDRFS)” initiative is part of the “Banglashree for Micro, Small and Medium Enterprises” program, spearheaded by the Government of West Bengal’s Department of Micro, Small and Medium Enterprises and Textiles. This scheme aims to provide financial support to qualifying enterprises by reimbursing stamp duty and registration fees incurred during the registration of essential documents. Launched on April 1, 2020, this program will be active until March 31, 2025.

Objectives of the Banglashree for MSME Scheme

The main goal of the “Banglashree for MSMEs” scheme is to offer financial incentives to motivate entrepreneurs to establish Micro, Small, and Medium Enterprises (MSMEs). This initiative aims to foster balanced growth within the MSME sector across West Bengal, creating a sustainable environment that maximizes resource utilization, generates job opportunities, and expands operational areas, ultimately positioning the state as a leader in the MSME landscape of India.

Goals of the Subsidy on Stamp Duty and Registration Fee Scheme

This financial incentive enables eligible micro, small, and medium enterprises to receive reimbursement for the stamp duty and registration fees paid for document registration within the state.

Benefits Offered

For Micro and Small Enterprises, the subsidy percentages vary by zone:

• Zone A: 25% reimbursement
• Zone B: 50% reimbursement
• Zone C: 75% reimbursement
• Zone D & E: 100% reimbursement

Medium Enterprises can avail of a 75% subsidy in Zones B, C, D, and E.

This subsidy is applicable for:

• Purchasing land and/or buildings for establishing the approved project.
• Leasing land/building/shed for a minimum of ten years within any government or government-approved industrial park/estate for the approved project.

The admissible amount will be proportionally calculated based on the land/buildings used for setting up the enterprise relating to the approved project.

Eligibility Criteria

<pTo qualify for this subsidy, the following conditions must be met:

• The entity must be categorized as a Micro, Small, or Medium Enterprise.
• The business should be engaged in the manufacturing sector.
• Production must have commenced on or after April 1, 2019.
• The enterprise must belong to the private, cooperative, joint sector, or be state government-owned/managed.
• The Date of Commencement of Commercial Production (DOCCP) must fall between April 1, 2020, and March 31, 2025.

Exclusions from the Scheme

Entities that are not eligible for the scheme include:

• Businesses that have received eligibility certificates or incentives under other state incentive schemes.
• Enterprises that started production before April 1, 2019, and applied for incentives under other state schemes.

Negative List of Industries

The following industries are excluded from this scheme:

• Sponge Iron Factories.
• Bricks (excluding Fly Ash, Sand Lime, and Refractory bricks).
• Any other industry specified by the State Government for exclusion.

Investment Calculation Exclusions

When calculating investments in Plant & Machinery, the following items will not be considered:

• Tools, jigs, dies, molds, and spare parts for maintenance.
• Installation costs for Plant and Machinery.
• Research and development equipment, pollution control equipment.
• Power generation sets and additional transformers mandated by the State Electricity Board.
• Bank and service charges to National or State Small Industries Corporations.
• Electrical installation components not mounted on individual machines.
• Transportation charges for machinery from the manufacturer to the enterprise location.
• Technical know-how costs for Plant and Machinery setup.
• Storage tanks not linked to the manufacturing process.
• Firefighting equipment.

Note: Costs associated with second-hand Plant and Machinery are excluded from the investment calculation.

Application Process

To apply for the subsidy, follow these steps:

Registration Procedure:

• Visit the Shilpasathi Portal and select ‘Apply Online’. Click ‘Create New’ for fresh registration.
• Choose the Applicant Type (Industry/Business/Commercial/Charitable Society/Government entity) and input the Registration Number.
• Complete the mandatory fields on the ‘User Registration’ page and select ‘Register’.

Application Steps:

• Access the Shilpasathi Portal and click ‘Apply Online’.
• Log in using your username and password or via OTP sent to your registered mobile number.
• Navigate to the user dashboard, select ‘ALL SERVICES’, and choose ‘MSME Incentive’ from the options.
• Click ‘Create CAF’ to generate your CAF ID, then select ‘Apply Online’ to continue.
• Complete the “eligibility form” and click “Save and Continue” to access the common application form (CAF).
• Fill in all required fields in the CAF and click “Update and Continue” to preview your application.
• After submitting the form, you will return to the dashboard to monitor your application status.